Your Daily Trading Strategy Check-in - Deriv Broker February 28, 2025 Newsletter

[Forum Admin]

Your Daily Trading Strategy Check-in - Deriv Broker February 28, 2025 Newsletter

 

  

Click Here to Read Deriv Broker Forex Platforms Review

 
Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.

EUR/USD   GBP/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE)   Gold 

Due to market volatility, some key levels may have already been reached, and scenarios may have already been played out.

EUR/USD Intraday: consolidation in place.
 
Pivot:
1.0430
 
Our preference:
Short positions below 1.0430 with targets at 1.0365 & 1.0330 in extension.
 
Alternative scenario:
Above 1.0430, look for further upside with 1.0470 & 1.0490 as targets.
 
Comment:
As long as 1.0430 is resistance, look for choppy price action with a bearish bias.
 


GBP/USD Intraday: under pressure.
 
Pivot:
1.2625
 
Our preference:
Short positions below 1.2625 with targets at 1.2540 & 1.2505 in extension.
 
Alternative scenario:
Above 1.2625, look for further upside with 1.2645 & 1.2675 as targets.
 
Comment:
As long as 1.2625 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: bullish bias above 0.8995.
 
Pivot:
0.8995
 
Our preference:
Long positions above 0.8995 with targets at 0.9045 & 0.9055 in extension.
 
Alternative scenario:
Below 0.8995, look for further downside with 0.8980 & 0.8965 as targets.
 
Comment:
The RSI advocates for further advance.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: consolidation in place.
 
Pivot:
5469.00
 
Our preference:
Short positions below 5469.00 with targets at 5411.00 & 5391.00 in extension.
 
Alternative scenario:
Above 5469.00, look for further upside with 5504.00 & 5540.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Dax (Eurex)‎ (H5)‎ Intraday: consolidation in place.
 
Pivot:
22560.00
 
Our preference:
Short positions below 22560.00 with targets at 22395.00 & 22249.00 in extension.
 
Alternative scenario:
Above 22560.00, look for further upside with 22720.00 & 22859.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: choppy.
 
Pivot:
8135.00
 
Our preference:
Short positions below 8135.00 with targets at 8042.00 & 8020.00 in extension.
 
Alternative scenario:
Above 8135.00, look for further upside with 8184.00 & 8224.00 as targets.
 
Comment:
As long as 8135.00 is resistance, look for choppy price action with a bearish bias.
 


Brent (ICE)‎ (K5)‎ Intraday: under pressure.
 
Pivot:
73.25
 
Our preference:
Short positions below 73.25 with targets at 72.60 & 72.25 in extension.
 
Alternative scenario:
Above 73.25, look for further upside with 73.45 & 73.75 as targets.
 
Comment:
The RSI is mixed with a bearish bias.
 


Gold Intraday: under pressure.
 
Pivot:
2879.00
 
Our preference:
Short positions below 2879.00 with targets at 2850.00 & 2834.00 in extension.
 
Alternative scenario:
Above 2879.00, look for further upside with 2893.00 & 2905.00 as targets.
 
Comment:
As long as 2879.00 is resistance, look for choppy price action with a bearish bias.
 

 

Click Here to Read Deriv Broker Forex Platforms Review